March 03, 2011 -- IMF Survey: Important Milestone Reached to Reinforce IMF Legitimacy
A package of measures, agreed in 2008 to strengthen the representation of dynamic economies in the IMF, has come into force. The reform provides for quota increases for 54 countries, with the largest gains going to emerging market countries. The reform will also enhance the influence of low-income countries in the IMF's decision-making.